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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 9:52:43 AM | | Thank you for the informed opinion Toronto! I too work on total commission. Folks think I make a peepot! When you consider the split that I share with my employer, hell, my wage pales in comparison. I too have to pay for my office space, my assistant, supplies, computer services etc etc. And yes, referrals are my bread and butter. As in ALL occupations, there are good and bad. A bricklayer who takes pride in his work vs a chap who just slaps em up to get the job done. I think picking on a specific occupation isn't right. One needs to know the "entire" story first.... | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 10:00:21 AM | | i never started this thread to bash a certain trade, i posted this thread just to inform folks there is a way to save thousands when sellin a house, is that a wrong thing?? too bad if it is, its a free world and im going to voice my opinion no matter what, i dont expect everyone to agree with me, what kind of world would it be if everyone had the same ideas?? boring thats what it would be | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 10:06:04 AM | Smoooze, selling a house privately is similar to going to Vegas. Some people win but most don't. (this fact can be backed up statistically).
And of course you're entitled to your opinion, no matter how mistaken it maybe! | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 10:58:24 AM |
I do know what I'm talking about as I've been with Re/Max for over 22 years and last year 89% of my business was past client or referrals. That means I'm doing something right! 10% of us do earn 80-90% of the money and that because we are honest, professional and put the needs of our clients first.
10% is a poor reflection of the realtors industry. I admit, those who are of the 10% are worth their money.... they hammer out good deals for all parties.
Overall, I experienced mostly negative dealings with realtors. On the other hand there are a few that would appear and I gave a sigh of relief because I know of their history and good work ethic. | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 11:05:36 AM | | I have very recently gone through selling and buying a home. My realtor worked his butt off from both ends, selling first and then my buying. I am totally thankful to him for all he has done as I now sit in the home of my dreams! Had family here yesterday for turkey dindins and it was wonderful! Would I or could I have scored the same deal on either end if done myself? I highly doubt it. We all have a purpose with what we do and I do hope we all whatever it is, enjoy it. And sure, I have to agree, there are slimers in every profession! There are in mine. I just hold true to my honesty and integrity. Works for me! | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 3:59:31 PM | [You sound like a salesperson... you're making a rather ambiguous claim. ]
No, I am not. That is quite clear in it's meaning.
[I have relatives in the real estate business. They do not work those hours.]
All I know is my personal experience. Some weeks are longer, some are shorter. Does that mean that a Sales Rep does not deserve to go golfing, or have some down time? Why is the perception of society geared to believe that Realtors don't deserve to have fun or days off like everyone else?
[It's cut-throat. The agents themselves are too busy trying to squash each other and steal from each other. Newbies are their prime targets.... agents get very angry when a broker gives a large commission sale to a newbie]
Never once have I recieved a referral from my Broker. Every lead I ever had, I earned somewhere in those 70-90 hours that I mentioned previously, without stepping on, squashing or otherwise overrunning another Realtor. If ever there was an issue, we negotiated a mutually beneficial arrangement. Thats a big part of what they do, by the way, negotiate.
[The biggest joke of yet, is in new construction. I am guessing but, to say 90% of the representing agent for the building contractors screw up, is fairly accurate. I was in new house construction for many years and of all the dealings, the real estate agents screwed up regularly.]
You are confusing new home sales with resales. New home Sales Representatives have no controls, they are not bound by any code of ethics or the Real Estate and Business Brokers Act as are Realtors. Yes, its true. When buying a new home, you have literally no protection. New homes Sales Reps work for the builder, not for you, like a Realtor does. They are a different animal alltogether. Please do not lump Realtors in the same basket as those people, that's not fair.
[Hmmm... it's peculiar how an agent wants a larger deposit than required by law. Who's interests are you protecting now?]
And what are you suggesting they do with the money? It does not go into anyones pocket except the property vendors. Realtors, and the brokers they work for, are required by law to deposit it into a trust account, from which it goes, upon the lawyers direction, directly to the seller of the property on the closing date.
No, my friend, I am not trying to bullshit you; I have no reason to. You are just suspicious and, as I said before, uneducated. | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 4:03:45 PM |
When buying a new home, you have literally no protection. New homes Sales Reps work for the builder, not for you, like a Realtor does. They are a different animal alltogether.
^^^^ awww hate to disagree with ya there, but u are protected by the contract u sign at the time of your purchase of a new home. so there is protection, however the most common complaint, is the builder never told me" i could get this or that". in my mind its is up to u as the consumer to stay informed, and research all your options no ?
same thing could be applied to real estate agents. | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 4:30:15 PM |
It does not go into anyones pocket except the property vendors
You want larger deposits as a means to discourage/trap a buyer from backing out of a deal. There is no other justifiable reason for collecting a larger deposit. And, if my uneducated self remembers... real estate companies are not the friendliest people around when the deal doesn't follow through... I've witnessed the hissy fits... they are not very discreet when upset.
All I know is my personal experience. Some weeks are longer, some are shorter. Does that mean that a Sales Rep does not deserve to go golfing, or have some down time?
See... this is why realtors are acused of being bullshitters. Your previous post stated:
The average work week for a professional Realtor is around 70-90 hours
Which is it? My uneducated brain is confused.
You are confusing new home sales with resales. New home Sales Representatives have no controls, they are not bound by any code of ethics or the Real Estate and Business Brokers Act as are Realtors.
In other words... a realtor involved in the sale of a new home has more credibility because the product is brand new... the history/condition of the structure is not an issue. Whereas the resold homes are filled with unethical agents who knowingly try to sell broken down homes at an exhorbitant prices.... to pad their wallets
I've seen both at work. Trust me... if you're a sleazeball... you're a sleazeball. The product being sold is irrelevant.
You are just suspicious and, as I said before, uneducated
Well.. I'm sure I can attain a realtor's license rather easily. I nearly did until I learned of market practises... there are way too many crooks in that industry. Unfortunately, they overshadow the reputable ones. | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 6:54:21 PM | Well just so you experts know, there is no minimum or maximum deposit required! I have done one dollar down and as much as one million.
If the deal does go south, the deposit does not go to the homeowner. It can only be settled two ways. Mutual release or court order. If neither happens, it will sit in the trust fund.
When Royal Trust and A E lePage joined, hundreds of thousands of dollars stayed in a trust fund.
Sometimes a little information is a bad thing. | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 9:15:01 PM | Father 3: I recently purchased a home and it was on MLS with a listing agent and broker. I did not use my own agent - so your statement that people who purchase without an agent are only buying "for sale by owner" properties is inaccurate. I had some previous real estate experience working way back when for a lawyer - don't know if that helped or just common knowledge. The listing agent was still obligated to provide me with basic service while looking after her clients' interests. But because she did not have to "split" the commission with a selling agent/broker, the vendors could afford to be more flexible on the final price and it was less work/hassle for her.
to some of the other contributors - lawyers provide the documentation,paperwork , registration, etc that finalize the deal - not the real estate agents as you seem to think - not in Ontario, anyway. And yes, agents will gladly arrange for a home inspector for you...I expect they get a commission/kickback from such an arrangement - but you are still responsible for paying the fee - it is not a free inspection.
I have also sold 2 properties on my own locally, doing my own advertising and open houses, without the benefit of the internet. Both had confirmed offers within 4 wks of advertising. The paperwork was drawn up by my lawyer and there are still things for which private vendors are responsible by law - anyone making a purchase or sale would want the benefit of a lawyer perusing the documentation before signing on the dotted line - agent or no! | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/8/2007 9:25:48 PM |
Don't confuse assessment and appraisal. Many homes sell for more than the tax assessment. Just a fact.
I meant an assessed value, I didn't mean a tax assessment. I should have used the word appraisal. Sorry.
My own tax assessment is higher than the value of my home, go figure.
Very seldom will an experienced salesperson list a home higher because in a busy market, the homes that are priced "on the money" get the most viewings and are more likely to receive multiple offers.
My opinion, and it seems to be backed up by others that have posted, is that most real estate (salespeople) agents don't have experience. They churn them out a dime a dozen and few survive.
My position concurs with yours, the more experience the better. Thats why I'd check into an agent beforehand, interview a few first.
The comment on splits isn't accurate. $ 10,000. commission is generally split 50/50 but the office usually doesn't see half of that. Most agents I know are on a 95-5 split. 95% to the salesperson. Now the salesperson is responsible for desk fees, advertising and anything else needed to sell a home. Just like a contractor running his own business.
Perhaps this is a misconception I've had about splits. When I bought my home my agent told me the two real estate companies (Beaver for the sellor, Re/Max for me) split 50/50, and his split was 50% of his company's split. He did mention desk/office fees etc so perhaps that is how he arrived at his own 50%, after expenses. In the past 15 years he has probably spent over $100.00 in mailouts to me too.
I wouldn't use him again because he tried to talk me into buying a home and having ureaformadyhide removed after the sale. Ugh, we had kids. Also, I found out when I took possession that it was a "distress" sale, which should have given us leverage when in negotiations. Not knowing this probably cost me.
I will most likely be selling sometime after Christmas. I know you can't solicit on this website, but nothing stops me from contacting you when I am ready.
Cheers, and thanks for the information from the source!! | |
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| Real Estate agents the most overpaid people in construction
Posted: 10/11/2007 6:03:26 AM | I have had some crappy experiences with realtors. Like every profession there are good and bad...if we, as consumers educate ourselves about such transactions then we cant get taken advantage of by shady salespeople. Years ago, the best realtor I have ever had educated me alot and peformed my purchase and sale. I had no problem handing him over $12K. He worked hard, earned it and I would recommend him still had he not passed away unexpectantly. My recent purchase and sale was a disaster, agent offered very little time, very busy schedule and had assistants do all her work, yet she walked away with a fistfull of cash. Meh...like everything else, do your homework and research what your spending your money on....whether it be an insurance policy, leaky pipe or million dollar property...most sales people will take advantage if you allow them to... | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/15/2008 4:20:14 PM | Here is a story I can share.
I've been seeking to buy a home. I was in no hurry so it was not something I needed to rush into and make poor decisions. Over the months I saw a few homes that caught my interest so I visited them during open house hours. Once seeing these homes on the inside I was hesitant to discuss terms with the agent. There was potential in these homes but, not an enticing enough potential... I waited and continued my search. I did not have an agent working for me.
Prior to x-mas I saw a house that piqued my interest. I checked the mls listing and contacted the agent via e-mail. She responded to my initial message. I sent her a second message..... she never responded. I was interested enough in the house that I was determined to get a look inside. However, after a few days passed and I never got a response from the listing agent, I called a friend of mine who is an agent. He made all the contacts and arrangements.
Long story, made short.... I purchased the house without as much as a word from the listing agent. The offer was completed and all conditions were satisfied within days. By new years eve I had the house bought.
My friend/agent has been in the industry for 13 years. He is a go-getter and a fairly honest guy. He works for his clients and does his best for them. I know this not only because he busted his hump to complete this deal. But, as well, other friends within our circle had nothing but good things to say about his work ethic... he knows how to negotiate a deal.
As for the listing agent. She was 100% unprofessional. As I said, she never replied to my second e-mail so I took it upon myself to enlist my friend as my representative... she did not deserve the full commissions of that sale. In fact, she deserved nothing.
Once again, this transaction began prior to x-mas. I just recieved a reply, today, from my second message to the listing agent (sent Dec. 18). It reads:
Gary,
This home sold over the holidays, would you like me to continue looking for other homes that match your criteria?
My response:
I'm the person who bought it.
But, thanks for the offer
Lazy agents deserve nothing..... I can't see her lasting in the industry for too long... she sucks at sucking up to people... which should be her main concern given market conditions.
In my opinion my friend/agent was underpaid..... the listing agent was way overpaid. I'm sure if her clients learned that their agent not only came close to ruining the deal but, messaged me two weeks after the deal was done, offerring to work for me....they would be very pissed. | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/15/2008 6:12:43 PM | This is the first time I have posted in the Ontario forums, so go easy on me okay?AAAAHHHH! A topic after my own heart. I am a retired realtor/salesperson.For the record, I have not worked in the industry for 7 yrs. So, I'm sure that some things have changed in regards to on-going education and criteria for maintaining a licence with OREA and CREA.
There have been many valid points made in every person's posts.
The only input I'd like to offer is this. Every person who is working for a living, regardless of what that is, have expenses to do their job. Whether it be steel toed shoes, a uniform, advertising, desk fees, assistants, errors and ommissions insurance, licencing fees,new blades for your saw, union dues,fuel, insurance and wear and tear on your vehichle to get you back and forth to work or driving clients around. We all incur expense to bring in a paycheque.
The costs involved to work are the cost of doing business or bringing home the paycheque every Friday, to buy that roof over our heads and food on the table.
When I need a professional job done, I hire a professional. I do not fix my own teeth, cut my own hair or do my own oil changes etc. I hire these tasks out and pay professionals for their expertise. Yeah, every once in awhile I get a lousy haircut or ripped off at the garage. Sometimes, I've gotten rotten legal advice or I've been involved in a real estate transaction with another realtor that was not doing their fiduciary duty to their client. This was certainly not a reflection on me and the duty I was giving to my own client/customer.
But, for the most part, people do their utmost to be credible and hardworking individuals in their chosen professions. Aren't we all doing the best we can do with the skills we've got?
You'll always have the shady characters in every profession, the ones who push the envelope, the slackers, so to speak. " Tis human nature.
We've always had those that cheated on their exams with crib notes or looked at their neighbours paper for the answer. Faked their way through it all. Perhaps, they're the same ones that cheat on their tax returns today.
I think the only way we can filter out the slacker, in any profession, is to spread the word. Bad news travels faster.
Bottom line: I begrudge noone earning an honest dollar for an honest day's work, regardless of their profession. I'm sure everyone reading my post has given an honest day's work for their pay, every day. There are costs doing business or bringing home the bacon. It's known as gross pay and net pay. | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/15/2008 8:16:54 PM | A good friend of mine since high school is a real estate professional. The hours she works, the time away from her family, the holidays she works, 24/7 schedule and may I add the hardest worker too.
Every one buyer/seller does not realize a sale or done deal. Trust me quite a few ends up with zilch$ as a result. Overall for the year she is well paid but wouldn't want to be in her shoes. | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/16/2008 6:22:57 PM | I have bought and sold over a dozen homes in as many years. I have yet to have a terrible experience with a realtor. Most are Pro's they know what they are doing and know how to get the most for you, as the most for you is also the most for them.
Ive known people who tried FSOB (for sale by owner) but it was a nightmare, the only way is if its a cash deal. Most people don't know how to deal with lenders, getting appraisals completed, scheduling a walk through etc. It may sound easy to sell your own or buy your own home (sans realtor) but its not.....
Yes they get paid well (if they are good) and they do work long hours. They can also invest in you with no return if your house doesnt sell or is pulled.
There are some bad apples in the bunch, but like anything get referrals and scope out a few before signing..
(My last home went through in two weeks without a hitch, both realtors and my Banker made it as smooth as possible) | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/17/2008 11:46:08 AM | When I bought my first house...I raised my hand in the air once....talked to a buddy of mine...and within a minute or so later I nodded once...and I was the proud co-owner of a house.
No real estate fees to pay.....very minimal paper work...gave 5 or 10% down I forget the exact amount....the rest to be paid in 60 days....I let my lawyer do the rest which was just some legal bumbo jumbo, and it was alot cheaper and less headaches than dealing with any real estate agent would have been. I bought it at an auction sale by the way.
I have many friends and family that are agents....and I thought about taking the course to be one too.....but after considering the overflooded market....the downturn in prices and more sellers than buyers that will eventually happen (look at the US)
I passed on taking the course....even though I'm sure I would have done fine...but then again I don't think I've seen any poor real estate agents....some have make a killing in the last 5-10 years !!!!
My thoughts though.....it's a so called "profession" that is way overpaid for what they do or don't do.....some paper work...the odd open house....some showings....a few other things. Some don't do much at all so I've heard.
I've known some people that went the "For Sale By Owner" way that saved themselves alot of coin..
Do what you gotta do....but if you have a bit of extra time and wanna save alot of cash....do it yourself...
P.S...... Moonchild48 and Greanize....although you are both great in my books.....your proffesions aren't....lol
I did a quick google search and saved myself quite a bit on my truck insurance which my broker couldn't come close to matching...unfortunately I have to say.
Did it all online, filled in the blanks and then just a 15 or 20 min phone conversation from home.
My trucks still in good condition so I'm hoping I don't have to buy another vehicle anytime soon......crossing my fingers and toes...lol
Though when I did purchase my truck....after talking with the saleswoman for a while I found out she was from my same town...which helped ease the pain....even though I never seen her before or since..lol | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/17/2008 4:08:43 PM | To go back to the original post...As far as being overpaid. Let's take a look. Yes, anyone can always buy and sell their house without a realtor. Who by the way have nothing to do with construction of any property. Is it his thought to go without the service of a home inspector as well? How about legal advice? Would you even have a clue as to how to price a home? Do you know what a CMA is? Is your idea of marketing a home is putting a sign on the lawn, an ad in the paper or on the internet your idea of reaching your market?
How about screening buyers? If someone calls you on the phone, do you know if this 'buyer' has the ability to buy a home? Do you know the concept of a contract as a legal document? Or what is even considered legal in any particular state?
As for what we make...His math is correct. But did he take the time to think how that figure is split? Does he know that there are two sides to each sale? And two sides to each side? Divide that number by four, then you get the figure as to what the average realtor gets. Which is a gross figure. The net? Well, we pay for our ability to sell. And Multiple Listing Service fees. Continuing education. Gas. Maintaining a car. And how many cell phone minutes beyond our plans do we go? And the time? He thinks a client shows up and the sale is made. From his mouth to God's ears! What happens sir, when it takes months and you show thirty homes to a client... Do you break plans to show a house thirty miles away in the snow at eight in the evening? Maybe yes, maybe no. But I do!
Sir...You can do without any professional. So when you need a medical procedure done, call your friend down the block. Have a bad tooth, pull it yourself.When you need a divorce lawyer, go on line and do it yourself.
Yes, you can sell property on your own. Obviously you have the time and the ability. I am sure whatever he does for a living he has more expertise in his world than I do in his. But...I bet I can sell your house faster, without much hassle and for more money that you could. | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/17/2008 4:49:32 PM | Professionals??? - One of the big problems, is that everyone & their Grandma figures that they can take a course & start selling houses. I knew a guy who shelled out several $1000 for Real Estate courses, plus he had to pay all kinds of office fees & got nothing in return... The market is saturated with agents. The agency is the only one that makes $$$ on the whole thing, sale or no sale...
I've had agents pester me to get a listing, but then literally only bring in 2 clients to see the place. When I put up a sign, I had several people a week ring my bell...
Sorry, but between the internet & a sign on the lawn nowadays, agents are obsolete. | |
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| Real Estate agents the most overpaid people in construction
Posted: 1/17/2008 11:50:58 PM | just observing ...Insurance agent sounds better than Insurance BROKEr! donchya think?
Smooze the Moon... lol insurance maybe required...
Policy... not covered ;)
^^^WOW^^^ suprised>? not really........................ | |
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| Real Estate agents the most overpaid people in construction
Posted: 2/11/2008 8:50:21 PM | | Hey louiscyfer2: Nice to hear of positive experiences. I am a realtor, who works for Remax. I know about long hours, working for free and cancelling plans at the last minute because a client deperately needs your service. It's all okay with me, as that is the career I have chosen. I pride myself on being honest and it allows me to sleep well EVERY night. | |
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| Real Estate agents the most overpaid people in construction
Posted: 2/13/2008 3:02:38 PM | being a real estate agent myself, i will have to disagree with the OP about being overpaid. there are a lot of legal complications with buying and selling real estate in california. i have a client who followed your thought and bought property for sale by owner and now he has problems with the title because the title wasnt properly transferred. its true, there are times when transactions are effortless (i sold a home in less than a week but still got my full commission) but i think what you are describing as far as our responsibilities is an incomplete list.
they may make a couple phone calls, have an open house, drive a client to check out the house thats about it
it goes much more above and beyond that and if you havent worked with an agent that was willing to do more for you than the average you just havent had a good agent.
Just my opinion | |
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| Real Estate agents the most overpaid people in construction
Posted: 2/16/2008 1:36:48 PM | Just some clarification to mention here regarding new home sales in Ontario. New Home Sales Reps are hired and work for the builder and are not required by law to be licenced under the Real Estate & Business Brokers Act. Their paycheque comes from the builder and their job is to sell the buyer the new home. You, as the buyer, are entitled to have a licenced Realtor to write up, present & negotiate the offer with the builder on your behalf. The Realtor's fee is normally paid by the builder who gladly absorbs the realtor's fee (grant it, this is not the going rate of pre-owned homes). Realtors are not exactly getting rich from builders (ok builders, I know what you are thinking right now lol). It only makes sense to use the services of a Realtor in this transaction. It doesn't cost you a cent and it adds to your protection and peace of mind.
There is also the Ontario New Home Warranty Program available. Most reputable builders also have their own contract (not to be confused with the offer to purchase) with detailed description of what they are responsible for as of closing date, and will schedule a walk-thru with you and your Realtor before closing date to review/inspect the new home. This confronts any issues/misunderstandings before closing date.
Are there Realtors with no scruples? Like every other profession, of course. Over the years the real estate agent has obtained the reputation of being slimy, corrupt and out to rip you off (similar to the used car salesman, sorry lol). In the late 90's The Real Estate Council of Ontario revamped the entire education procedure to obtain licencing and hopefully raise the bar over time with educated and up to date knowledgeable Realtors. At one point just about anyone could write the exams and acquire their licence. Since the revamping, only a small percentage of people that start the courses (can we say boring!) actually finish and obtain their licence. There is now also mandatory requirements/courses required to renew your licence every two years. Realtors are now more up to date with rules/regulations than ever before. Will there always be some greedy & corrupt Realtors.....of course, can we flog them with their fiduciary duties? No, but we can report them to the Real Estate Council Of Ontario.
Your home is your biggest investment and the choice you make in a Realtor can mean thousands of dollars in savings or losses to you. Talk to other home owners, interview Realtors, ask lots of questions re: why should I list my home with you/ why buy through you? Why not sell it privately and save myself money? Why should I pay you a commission? What makes you the best choice? etc. etc.
The average family moves every 7 years. Realtors depend on repeat business and referrals. The ones that do a good job for their clients can make a very good living if they are willing to put the time and effort into it. The 10-15% that are making 80% of the commission money are working hard at building/maintaining their client base.
Ok, that's all I have to say about that today...... | |
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| Real Estate agents the most overpaid people in construction
Posted: 6/21/2008 12:31:14 PM | Smooze you're gonna love this!!
In California, there are SOOOO many foreclosures for sale that banks are now offering the buyer's agent 4% commission (that's just one side), builders are offering 5%-6% commission for the buyer's agent, and some banks are offering the usual 3% but with $3,000 bonuses or more.
But the prices of homes has dropped DRAMATICALLY so it kind of evens out. Oh and the banks are making you work hard for the money....lol The tough part right now is keeping the deals together. Asset Managers are way behind on their workloads that once you get your offer accepted it takes about 2 weeks just to open the escrow. | |
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| Real Estate agents the most overpaid people in construction
Posted: 6/21/2008 4:15:14 PM | Partial post by - Bad Apple:
[The biggest joke of yet, is in new construction. I am guessing but, to say 90% of the representing agent for the building contractors screw up, is fairly accurate. I was in new house construction for many years and of all the dealings, the real estate agents screwed up regularly.]
You are confusing new home sales with resales. New home Sales Representatives have no controls, they are not bound by any code of ethics or the Real Estate and Business Brokers Act as are Realtors. Yes, its true. When buying a new home, you have literally no protection. New homes Sales Reps work for the builder, not for you, like a Realtor does. They are a different animal alltogether. Please do not lump Realtors in the same basket as those people, that's not fair.
 That just cracks me up fella! I DO and have done for many years, sell new homes for a builder/developer.
"When buying a new home, you have literally no protection."
Exactlty which 'apple' truck did YOU fall out of Bad Apple? Better get your facts straight before making such blantant statements such as that. Have you never heard of the Ontario New Home Owners Warranties act? Obviously not!
"I was in new house construction for many years and of all the dealings, the real estate agents screwed up regularly.]"
To further correct your so obvious ignorance, MOST new homes builders have DESIGN centers. THIS is where all finishing details are done. NOT by realestate agents. They write the offer up. All interior/exterior finishes, any upgrades, etc., are handled by builder owned, design centers where the purchaser sits with a knowledgable employee who assists them from start to finish. IF any structural changes are require, this MUST be approved by the builder and priced out by the builder, PRIOR to the offer firming up.
Yes, as a new homes sales rep., I work for the builder/developer. That, ALL potential purchasers are aware of. That being said, I DO also work for the purchaser in offering suggestions that will eventually give them the home they want. In my case, I do the redesigns, colour charts, interior and exterior finishes. So to say I DON'T work for the purchaser, is a grave error on your part chum! It is also my job to be fully aware of municipal guidelines, bylaws, etc. etc. To say we are not bound by codes of ethics, is total B.S.!! To say we, as new homes sales reps have no controls, is also B.S.!! We are controlled by the Ministry of the Environment; the Municipalities/cities/towns; Ministry of Natural Resources; knowledge of what conforms to building codes, the list goes on and on.
I am obligated to work with the builder/developer; purchaser; building inspectors; site supervisors; ALL government agencies involved. Do I complain? NO. I LOVE what I do. I get no better thrill then to see new home owners take possession of their home and enjoy our COMBINED fruits of labour. All of this is done with pride, knowledge, understanding, hours spent at the site and at home (yes we do work at home once the sales office closes) and a dedication that ANYONE who sells ANYTHING, should have.
Perhaps, next time before you leave the "babble starting gate", you go out and actually TALK to people in these professions. Education is a wonderful thing.
I think ANYONE who undertakes working directly with the public, in any form, deserves credit. Yes, mistakes can and do happen, but that's just because we too, are human.
Your appology for being so misinformed, has been accepted   | |
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